Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Blaka]

In offshore deals currency exchange is key for trading between different countries. Parties from different places use their own money so they need to swap currencies based on current rates.

This lets businesses operate in various currencies, reaching global markets. But there a risk because change in rates can affect deal value and profits.

Smart companies use strategies like forward contracts to manage this risk and avoid losses from currency ups and downs.

 

[Wisdom01]

i believe Currency exchange plays an essential role in offshore transactions as it involves buying and selling currencies at different rates. Offshore transactions involve parties from different countries that use different currencies.

 

[IB DD]

For an offshore company, there is need for currency exchange services almost at every point of their operations. Working capital from the headquarters has to be converted from the fiat of the country the headquarters is based to dollars and from dollars on getting to the offshore branch to the local currency of the offshore branch. Offshore businesses can't actually work well without currency exchange services.